Stock market today, Aug. 8 -- The benchmark Nifty 50 index managed to end a volatile trading session on Thursday on a positive note at 24,596.15, up 0.09%. Bank Nifty ended 0.2% higher at 55,521.15, as Pharma and IT rebounded well, leading the rally for other indices. Only Realty and Oil & Gas lagged on a day when even mid- and small-caps ended with 0.17-0.33% gains.
Nifty managed to hold above the 24,450 mark on a closing basis. A decisive move above the 24,800 level could pave the way for a further rebound towards the 25,000 mark, said Ajit Mishra - SVP, Research, Religare Broking Ltd.
For Bank Nifty, the support lies in 55100 - 54900, while it faces resistance at 55750 - 56000, as per Rajesh Bhosale, Equity Technical Analyst, Angel O...
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